Pak-China start direct rail and freight service

Image
Press Trust of India Beijing/Karachi
Last Updated : Dec 01 2016 | 5:43 PM IST
China and Pakistan today launched a direct rail and sea freight service with the first cargo train departing from China's southwestern Yunnan province.
The service was launched with the first cargo train loaded with 500 tonnes of commodities left Kunming, capital of Yunnan, an inland province in southwest China departed for Karachi, state-run Xinhua news agency reported.
"China, Pakistan launch direct rail & sea freight service between Kunming and Karachi, cutting transport cost by over 50 per cent," according to a tweet by the news agency.
The service is a part of China's Maritime Silk Road initiative, of which USD 46 billion China-Pakistan Economic Corridor project (CPEC) is a part.
The CPEC was launched in 2015 to link up northwestern China with the Gwadar deep seaport in southern Pakistan.
The two countries already started the trade activities under CPEC in October as over a hundred Chinese containers were transported overland to Gwadar and shipped to Europe and Africa.
Meanwhile, the Karachi Chamber of Commerce and Industry have welcomed the opening of the new direct rail and sea freight service and said it will boost trade between the two countries.
He said that the route will enable Pakistani businessmen and traders to increase trade with China in a more convenient and faster way. "It will also help China connect with the world market".
The service will cut logistics cost, including that of transport, by 50 per cent.
Pakistan and China kicked off first trade activities under CPEC in October as over a hundred Chinese containers arrived at the Sust port in Hunza, following clearance from Pakistani customs. The containers were headed to Gwadar.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 01 2016 | 5:43 PM IST

Next Story